Stocks rally late, but techs still tumble

cnn.com     Jul 18, 2008            

Wall Street investors end erratic session with a blue chip rally. Techs can't shake losses after a slew of discouraging quarterly results. Paste this link into your favorite RSS desktop reader Issue #1 on CNN — This week, 12pm ET NEW YORK (CNNMoney.com) -- Stocks ended mixed Friday, with blue chips faring much better than techs after a late bounce back. Shares wavered throughout the session on volatile oil prices, and techs suffered from a number of disappointing earnings results. According to early tallies, the tech-heavy Nasdaq composite dropped 1.3%. The Dow Jones industrial average rose 0.4%, and the broader Standard & Poor's 500 index finished just above Thursday's close. Stocks oscillated in the first few minutes of trade but turned decidedly lower minutes later as a slew of disappointing quarterly financial reports -... [read full story]                    

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